Revisions for LBTT3049 - Green Freeports

The Green Freeports as a whole came into effect from 1 October 2023. While this is the date the relevant legislation came into effect, only those transactions which take place after the tax sites have been designated are eligible for relief.

Scotland currently have two Green Freeports:

Inverness and Cromarty Green Freeport

Forth Green Freeport

The tax sites for Inverness and Cromarty Green Freeport were designated on 8 April 2024 and any claims for relief can be made from this date.

Tax Sites include:

• Deephaven
• Invergordon
• Nigg

The Designation of Special Tax Sites (Inverness and Cromarty Firth Green Freeport) Regulations 2024 (legislation.gov.uk)

The tax sites for Forth Green Freeport were designated on 12 June 2024 and any claims for relief can be made from this date.

Tax Sites include:

•    Grangemouth
•    Mid Forth (Burntisland)
•    Mid Forth (Leith)
•    Rosyth

The Designation of Special Tax Sites (Forth Green Freeport) Regulations 2024 (legislation.gov.uk)

Contents

Green Freeports

• Green Freeports overview

Legislation

• The Legislation

Key terms

• Green Freeports key terms

Green Freeports the relief